HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE,
A LOOK AT THE US500 INDEX THIS WEEK SWING
* The index was trading in a DESCENDING channel but seems the channel is now RUNNING out of steam as we see consolidation at the base of the channel and the formation OF A DOUBLE bottom in the cards.
- Short term the index is currently in reversal formation in the form of a possible DOUBLE BOTTOM.
- key to the set up will definitely be patience as there is a spike level that could come into play again should we break below.
- Looking for LONG entries on the INDEX this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE,
A LOOK AT THE US500 INDEX THIS WEEK SWING
* The index was trading in a DESCENDING channel but seems the channel is now RUNNING out of steam as we see consolidation at the base of the channel and the formation OF A DOUBLE bottom in the cards.
- Short term the index is currently in reversal formation in the form of a possible DOUBLE BOTTOM.
- key to the set up will definitely be patience as there is a spike level that could come into play again should we break below.
- Looking for LONG entries on the INDEX this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD
